"SIP works like your recurring deposit where one needs to put certain amount every month. Instead of making a lump sum investment, you choose to make small investment in that Mutual Fund where the performance and returns are better."

He also adds that these investments managed by a fund manager who had adequate knowledge in this sphere.

"The beauty of SIP is you buy units at every level of the market," says Abnish, which means an investor can buy at high as well as lower levels averaging buying price to an optimal one, thereby increasing your rate of return over time.

With a positive market rally backed by strong fundamentals such as the GST rollout, stable government, good monsoon forecast supported by benchmark indices touching new highs, equity markets are poised to give better returns.